The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

PLCM triggered & stop tightened

Open Position Notes:

LLL declined further today on increased volume once again, working toward Target 1.  This one has been a bit slow, but it has been steady, so I’m sticking with it for now.  I’d like to see Target 1 get reached before looking to adjust my stop, so we’ll see if that happens on Wednesday.  I’m comfortable giving this one some room to fluctuate, and will leave my trade parameters as-is for now.

PLCM gapped through my intended trigger price this morning at the open, so in accordance with my Swing Trading Strategy, I still took the trade but with a reduced position size of 1/2 (because it gapped 1-2%).  This one did work its way off the lows of the session by the closing bell, finishing just slightly negative on the day.  While that’s not the kind of price action I like to see, this is still a technical breakdown for the stock.  I’ve tightened my stop tonight in case today’s break proves to be simply a headfake, but otherwise will wait to see if additional weakness sets in.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

PLCM added

Open Position Notes:

LLL worked its way to new lows today on increased volume as it moved further beneath broken support.  This one has yet to accelerate downward, but the stage is set for some momentum to kick in.  For now, I’m staying patient with it while waiting to see if it can move toward the targets in the days ahead.  I like that it’s showing some initial continuation here since breaking down, and now just want to see the pace pick up a bit.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

LLL triggered, VMW removed (no trigger, pattern negated)

Open Position Notes:

LLL triggered a short entry Friday as it undercut support at $69.40.  Although the stock was able to finish off its worst levels of the session, I was still encouraged by the overall price action with the stock finishing beneath the breakdown zone.  I’ll be watching for follow through in the days ahead, at which time I may make an adjustment to my stop loss.  For Monday, I’m sticking with my existing trade parameters.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

VMW & LLL added, BAX stopped

Open Position Notes:

No open positions.

Closed Positions:

BAX was a stock which I expected to be a slow mover, but I have been surprised in recent days just how slow it could be.  After breaking out and showing nice relative strength to the overall market during last week’s pullback, this week the stock has done nothing but stagnate.  I had tightened my stop twice in order to reduce risk in the trade, just in case the lack of upside follow through was an indication of a lack of strength.  It’s a fine line to walk between being patient with a trade vs. recognizing that it simply isn’t going anywhere.  Ultimately, this one proved it wasn’t ready to run, and I was taken out this morning on weakness for a very modest 1% loss.  I’ll give it more time before looking for another entry, as right now the stock simply looks range-bound in the near term.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

No changes

Open Position Notes:

BAX rested today as it gave back a few cents to stay within the consolidation area of the past few sessions.  Overall, this stock has held up well since breaking out, it simply hasn’t given much follow through.  To offset that, I’ve adjusted my stop twice, and for now I’m doing my best to stay patient with it while waiting for a secondary advance to come along.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

No changes

Open Position Notes:

BAX turned higher today to mark a multi-day high, which is encouraging to see after several quiet days.  Last week’s high is still overhead, but technically this stock is still acting well.  It’s a very slow mover, which I knew from the outset of the trade, so I’m doing my best to stay patient while waiting for some stronger momentum to appear.  My stop has already been adjusted twice, so I have reduced my risk while I wait.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

GOLD removed (stock doesn’t look ready to break, may re-list later)

Open Position Notes:

BAX dipped this morning to nearly test my stop loss, holding just above that level before rebounding about 1% from its worst levels of the day.  The stock still finished down slightly on the session, but the chart continues to look good so I’m sticking with this one.  My stop has already been raised twice, so I’m staying patient while waiting to see if last week’s highs can be cleared now that the breakout area has been tested (and held) for several days.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

BAX stop raised, GOLD added

Open Position Notes:

BAX held steady on Friday, maintaining its ground above former resistance, which is now serving as support.  I continue to like the relative strength this one is showing, and am doing my best to stay patient with it since it’s a slower mover.  My stop has already been raised once, but with the stock having stabilized further in recent days, I’ve adjusted it again to further reduce risk.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

No changes

Open Position Notes:

BAX gapped lower this morning along with the market, but it recovered very nicely and was able to finish positive on the day.  This stock continues to exhibit relative strength to the overall market, which is very encouraging.  With my stop already having been raised, I’m going to leave my trade parameters intact for Friday and see if this one can make new highs for the week.

Closed Positions:

No closed positions.

The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.

CMI stopped, ARUN & RDC removed (patterns negated), BAX stop tightened

Open Position Notes:

BAX gave up some ground today, but successfully tested its breakout zone with a finish back above that level.  This stock showed some relative strength to the market today, losing about 1/2 of what the market lost.  That’s encouraging on such an ugly day, but I’ve still tightened my stop for this one slightly tonight in order to further reduce my risk.

Closed Positions:

CMI gapped lower this morning to take me out of the trade right at the open.  The stock actually gapped slightly through my stop loss, handing me a 3.8% loss.  Getting stopped out on a gap like that is a little annoying, but the stock did continue lower so I’m glad to have stopped the bleeding.  The hesitant breakout and quick return to the consolidation zone proved to be a warning signal, so this one apparently isn’t ready to go yet.  I’ll leave it alone until a well-defined pattern emerges and price looks set to go.